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Re: Market "Earthquake Is Coming" - Icahn Warns "A Lot Of People Will Pay The Price Like In 1929" 

By: ribit in POPE IV | Recommend this post (2)
Thu, 08 Feb 18 5:17 AM | 94 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 43742 of 47202
(This msg. is a reply to 43741 by Zimbler0)
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zim
...a wise old frog once said, "If ya predict a disaster every day, sooner or later you will be right.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: Market "Earthquake Is Coming" - Icahn Warns "A Lot Of People Will Pay The Price Like In 1929"
By: Zimbler0 in POPE IV
Thu, 08 Feb 18 5:15 AM 		Msg. 43741 of 47202

>>
The market has become a much more dangerous place [due to index funds and ETFs]"
>>


There may be a major storm coming . . .
And there may be a bigger problem than 1929 . . .

But index funds and ETF's are not what is causing it.

Index funds are 'vehicles' which buy shares of stock
based upon their 'mission statement'. Index funds are
also more for a 'buy andhold' type philosophy. ETF's
trade more like stocks . . but are also collections of
shares of company stocks.

For either to 'cause' a 'stock market meltdown' the
individuals who own shares of them would have to be
in a panic selling mood. And they could or would do
that with shares in a brokerage account.

Nope. ETF's and mutual funds are not the problem.

Computer driven trading - algorithms and big money
trying to squeeze profits could cascade into something
catastrophic.

Or is there another explanation?

Zim.

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